Ocean Terraces - where Muizenberg's breath-taking vista stretches as far as the eye can see

Ocean Terraces overlooks False Bay, and the Cape Point, Roman Rock and Hangklip lighthouses provide spectacular night-time sights. Watch sunsets and sunrises from your own private patio or balcony, thanks to the uninterrupted views over the bay.

Since 2010 the Capricorn Beach area has enjoyed almost 100% capital growth, with the values of properties doubling during that time. The area is very secure, with 24-hour patrols, and even the access to the 5 swimming pools within the security enclave is controlled by biometric scans, meaning you can relax and enjoy the amenities.

Every Ocean Terraces apartment has fibre internet access and a smart TV box, making it as simple as plug-and-play for all residents to take full advantage of the uncapped 5 mbps line.

1 and 2 bedroom apartments

Selling From

  • All bond and transfer fees included*
  • 100% bond financing available
  • R31 320 Rental Assist to investors
  • 55% tax write-off through section 13sex SARS incentive
  • Rental available from end-2020
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Desirable Location

On the coastal road overlooking False Bay

Rental Income

Projected at R78 000 p/a plus R31 320 Rental Assist

How to Secure

Reservation deposit of only
R35 000 required to secure (refundable should finance not be approved)

Area Overview

Location

On the coastal road of Baden Powell Drive, with uninterrupted views of False Bay, with its three lighthouses to the south, and the Hottentots Holland and Boland mountain ranges to the north-east.

List of nearest Facilities and Activities

Amenities in the area Distance
Muizenberg water slides and putt-putt 1,7 km
Surfer's Corner 2,3 km
Muizenberg train station 2,5 km
Checkers Muizenberg 2,7 km
St James 4,3 km
Kalk Bay 5,2 km
Blue Route Mall 7,4 km
False Bay hospital 9.2 km
Silver Mine nature reserve 12 km
False Bay nature reserve 14,0 km
Simon's Town 18,2 km
Estate Benefits

Why invest in Ocean Terraces

The 2019 Lightstone Report (SA’s major reporting statistics platform) shows why Capricorn Beach, Muizenberg is such a fantastic investment area:
2010
R 0
Average apartment value
2019
R 0
Average apartment value
Growth
0 %
or R595 000

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Estate Benefits

Why invest in Ocean Terraces

Investment Benefits
  • IGrow Rental Assist to the value of R31 320 over 3 years
  • Transfer and bond fees included*
  • Projected rental income of R78 000 per year (excluding Rental Assist)
  • Up to 100% bond financing available
  • Close to a variety of excellent schools
  • Plenty of recreational amenities surrounding the area
  • Strong rental demand for apartments in this neighbourhood
Comprehensive End-to-End Rental Management
  • IGrow Rentals, our in-house rental managers
  • Tenant vetting & placement
  • Rental collection
  • Ingoing & outgoing inspections
  • Maintenance service available
Investment Overview
  • 100% bond financing available at all the major banks through IGrow Homeloans
  • Only pay first bond instalment on registration after occupation is tendered
  • R35 000 reservation deposit required to secure (refundable should finance not be approved)
R 0 p/a
Projected annual income
R 0
Apartments selling from
Map Overview

Development Layout

Ocean Terraces - Investment Opportunity

Plans & Features

Type A

2 bedrooms, 1 bathroom

R 995 900
  • Unit area - 55m²

Type B

2 bedrooms, 1 bathroom

R 1 199 900
  • Unit area - 63m²

Type C

2 bedrooms, 1 bathroom

R 1 149 900
  • Unit area - 58m²

Type D

1 bedroom, 1 bathroom

R 849 900
  • Unit area - 42m²
Property Features
  • DStv - fibre points installed in each apartment
  • Routers and smart tv boxes installed with fibre
  • Choice of upmarket 1 & 2 bedroom apartments
  • Beautiful views over False Bay and Cape Point
  • Part of Capricorn Beach security enclave
  • 24-hour patrolling guards
  • Choice of 5 swimming pools which forms part of Capricorn Beach
  • Transfer and bond fees included*
  • Perimeter wall with electric fencing
  • Engineered stone countertops in kitchen
  • Under-counter oven and countertop hob in kitchen
  • Vinyl flooring throughout - easy maintenance
  • Basement parking bays
  • Pre-paid electricity meters
  • Metered water systems to each unit
More about the surrounding area

The historical suburb of Muizenberg, on the south coast of Cape Town, has a colourful mix of history, architecture and culture, with fabulous beaches to boot, known as the birthplace of local surfing. The iconic changing huts is a well-known sight across the globe and the pristine beachfront stretches the length of the coast. For outdoorsy types, the rugged, steep cliffs that surround the area offer excellent rock climbing opportunities at certain times of the year.

 

 

Muizenberg is bursting with culture and heritage. Historical buildings such as the SA Police Museum, Natale Labia, Rhodes Cottage and Het Posthuys (which dates back to 1742 and is one of the oldest buildings in South Africa) can be glimpsed from the coastal boardwalk between Muizenberg and Kalk Bay. The Masque Theatre, on Main road, hosts a wide variety of live entertainment, while Palmer Street is the heart of the old village, with small colourful homes, organic shops and restaurants.

 

Estate Pictures

Gallery

Images in gallery are renders from the developer. Similar designs and internal specifications to be implemented subject to colour variant and availability of supplies.

Estate Information

Documents

Information and Plans about the Estate

Ocean Terraces Disclaimer

IGrow makes no warranties, whether express or implied, in regard to the Websites, their contents, accuracy or availability.
The information contained in this communication is based on research conducted by or supplied to IGrow. While every care is taken by IGrow to ensure accuracy, IGrow cannot warrant the correctness of this information.

*Bond and attorney fees paid by Seller only where appointed attorney attends to registration and transfer. Fees excluding any bank initiation fee, correspondent attorney fees and courier fees if applicable.

Have a Question?

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If you are considering an investment or a lock-up-and go lifestyle opportunity, this development is ideal with the perfect location. Contact us today to assist you in acquiring one of these investment units.

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